ALGOUSDT POSSIBLE SHORT TERM TRAP?

Hi Guys, thanks for checking out my idea. I think if we fail to break above the previous high, we could see a potential trap situation. We could head down and do another liquidity sweep before we push up and make a new high and the bigger time frames. Remember we are still in a major long term downtrend and could still see a bit more consoli in the current range before we start seeing some major moves being made to the upside.